Airline traffic bucks the gloomy economic outlook in Jul-2011; Headwinds ahead in 2H2011: IATA
Global air passenger traffic “bucked the gloomy economic outlook” with a surprisingly strong 5.9% year-on-year increase in Jul-2011, according to IATA director general and CEO Tony Tyler. Freight traffic, however, fell by 0.4% and freight load factors declined by 1.8 ppts to the pre-recession level of just 45.0%.
